No sane person looks forward to paying for insurance, especially when their premiums are through the roof.
You have so many car insurance companies to purchase coverage from, and though it is a good thing to be able to choose, it can be more challenging to compare rates and cut insurance costs.
When buying insurance it’s important to understand some of the things that aid in calculating your premiums. If you have a feel for what influences your rates, this allows you to make educated decisions that can earn you better insurance rates.
Shown below are some of the most rate-impacting factors insurance companies consider when setting your rate level.
Auto insurance is not inexpensive, but there could be significant discounts that you may not know about. A few discounts will be applied when you get a quote, but a few need to be specifically requested prior to receiving the credit.
It’s important to note that most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, it’s just not the way it works. But all discounts will cut your auto insurance premiums.
A list of auto insurance companies and some of the premium reductions they offer are shown below.
When getting free car insurance quotes, it’s a good idea to each insurance company to apply every possible discount. A few discounts might not be offered on policies in your area.
Well-known insurance coverage companies like State Farm, Allstate and GEICO regularly use ads on television and other media. They all seem to make the same claim that you’ll save big after switching your policy. How do they all claim to save you money? Here is how they do it.
Insurance coverage companies quote their best rates for the type of driver that earns them the most money. For instance, a preferred risk might have to be between 30 and 50, has a clean driving record, and has a short commute. A customer getting a price quote who meets those qualifications will probably get cheap prices and have a good chance to cut their rates substantially.
Insureds who don’t meet this stringent profile may be forced to pay a higher rate and the customer buying from someone else. If you listen closely, the ads state “customers that switch” not “everyone that quotes” can get the lowest rates when switching. That’s why insurance companies can confidently make claims like that. This really emphasizes why drivers should compare many company’s prices. It is just not possible to predict which company will have the lowest rates.
When choosing coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique so your insurance should reflect that For example, these questions may help highlight whether or not you could use an agent’s help.
If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
Knowing the specifics of a insurance policy can help you determine which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are the normal coverages found on the average insurance policy.
Liability – Liability coverage can cover damages or injuries you inflict on people or other property. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.
Liability insurance covers claims like repair costs for stationary objects, pain and suffering, funeral expenses, loss of income and attorney fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.
Comprehensive (Other than Collision) – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like hitting a deer, a tree branch falling on your vehicle and falling objects. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as ambulance fees, EMT expenses, chiropractic care, doctor visits and prosthetic devices. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Collision – This covers damage to your Continental GT resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things like sideswiping another vehicle, damaging your car on a curb, crashing into a ditch and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your 2014 Bentley Continental GT.
Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
We just presented quite a bit of information on how to compare 2014 Bentley Continental GT insurance prices online. The most important thing to understand is the more you quote car insurance, the higher your chance of finding the cheapest car insurance. Consumers may even find the biggest savings come from some of the smallest insurance companies. These companies may only write in your state and offer lower rates compared to the large companies like State Farm and Allstate.
The cheapest 2014 Bentley Continental GT insurance is possible online and from local agencies, and you should be comparing both to have the best chance of lowering rates. A few companies may not offer online rate quotes and usually these smaller companies sell through independent agencies.
As you quote car insurance, you should never reduce coverage to reduce premium. In too many instances, drivers have reduced collision coverage and discovered at claim time they didn’t purchase enough coverage. Your strategy should be to buy enough coverage at a price you can afford while not skimping on critical coverages.